3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Mettler-Toledo International
Our trading algorithm values Mettler-Toledo International (MTD) to be strongly overvalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | strongly overvalued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Strong Sell |
| Current Price | $1200.0 |
| 60 Day Prediction | $1125.44 |
| 60 Day Pred - Lower Bound | $1063.39 |
| 60 Day Pred - Upper Bound | $1186.98 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.261 * nr_days_in_the_future + 1133.269
Based on this information, our algorithm recommends the trading decision: Strong Sell. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
MTD traded at $1200.0 this Wednesday October 19th, gaining since last week.
Looking back, over the last month, MTD has been gaining.
Over the last year, it has been loosing $-269.75 or -22.48 percent.
Seasonality of Mettler-Toledo International
Using our AI model, we have been analyzing the value change for Mettler-Toledo International depending on the day or month of a year. This can be seen in the following graph:
